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Property Values And The Cost Of Housing In The Latin East

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Chapter Summary

Purchase and rental costs in the Latin East are recorded in a number of documents. One problem in dealing with this subject is that the value and exchange rates of the different currencies in use in the centuries under discussion were unstable, fluctuating considerably within short periods. An accurate exchange rate between the Frankish bezant and the Egyptian and Syrian dinars on the one hand and between the bezant and the contemporary Western currencies on the other would greatly assist in interpreting the information found in the Frankish sources. This chapter presents a rudimentary framework for this discussion based on published data from the Latin East, from the Islamic world as recorded in the Cairo Geniza and from the West. The purchase and rental costs of housing in the Kingdom of Jerusalemor more accurately in the major port cities of the kingdomwere clearly high in comparison to Egypt.

Keywords: Cairo Geniza; Frankish bezant; Latin East; purchase cost; rental cost



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